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Posted on 5/20/19 at 3:11 pm to Bill Parker?
I always laugh when I see land for sale that was just clear cut for the same price as land that is uncut. Guys are smoking some dope thinking land that looks like the face of the moon is going to be worth as much as old growth pine or mature hardwoods.
Posted on 5/20/19 at 4:04 pm to GoHoGsGo06
quote:Sounds like a good business practice to me.
Sounds like a dick move to me.
Posted on 5/20/19 at 8:29 pm to gumbo2176
quote:
I saw some beautiful hilly land around Picayune, Ms.
There are not 3 hills in all of Pearl River county, you must be fresh from the marsh to call anything there "hilly"
Posted on 5/20/19 at 8:43 pm to cave canem
quote:
There are not 3 hills in all of Pearl River county, you must be fresh from the marsh to call anything there "hilly"
I've ridden my motorcycle over much of Louisiana and I have a saying I tell my friends when they ask about riding in La.
I tell them the land is so flat I can watch my dog run away for 4 days before he's out of sight.
Posted on 5/20/19 at 9:18 pm to FelicianaTigerfan
quote:
400 acre tract near me listed for 7500/acre.
And people pay that much?
Posted on 5/20/19 at 9:19 pm to gumbo2176
Northern pearl river county most definitely has hills. I bought timberland here from Weyerhaeuser. Trees had been thinned and were around 12 yrs old at time of purchase. Still plenty of trees left but the mess from logging can’t be overstated it will take me years to get it where I want.
Posted on 5/20/19 at 9:39 pm to bayoudude
You mind me asking what you paid an acre? I looked at some land from them and they were giraffe pussy high.
Posted on 5/20/19 at 10:25 pm to texag7
No, it’s not common. Turns out it was a huge financial folly for most who got in.
It’s the late 90’s, the computer is all the rage. The Xerox company is exploding so paper consumption and timber demand are high. The South discovers cheap land and the pine tree.
Buy land, plant pines and 20 years from now you’ll be rich. Trouble is, you and every other Tom, Dick and Harry with a nest egg decided to do the same thing. Soon thereafter Alabama, Mississippi, Georgia and the Florida panhandle are covered in planted pines. An ecological nightmare as native forests are destroyed. Fast forward 20 years and paper demand is low and timber demand is too. The pine weevil has shown up too.
You can buy land in the FL panhandle for less than $800 an acre right now. Trouble is, that’s what they paid back in the 90’s. Adjusted for inflation, they should be paying $1,600 or more. The timber is not only useless, it cost you money.
It’s the late 90’s, the computer is all the rage. The Xerox company is exploding so paper consumption and timber demand are high. The South discovers cheap land and the pine tree.
Buy land, plant pines and 20 years from now you’ll be rich. Trouble is, you and every other Tom, Dick and Harry with a nest egg decided to do the same thing. Soon thereafter Alabama, Mississippi, Georgia and the Florida panhandle are covered in planted pines. An ecological nightmare as native forests are destroyed. Fast forward 20 years and paper demand is low and timber demand is too. The pine weevil has shown up too.
You can buy land in the FL panhandle for less than $800 an acre right now. Trouble is, that’s what they paid back in the 90’s. Adjusted for inflation, they should be paying $1,600 or more. The timber is not only useless, it cost you money.
Posted on 5/20/19 at 10:40 pm to GREENHEAD22
Paid $1885/acre. Survey did cost me $7,500 though so that adds into the final number.
Posted on 5/20/19 at 10:47 pm to bayoudude
I am assuming this was quite awhile ago? The property I looked at was about double that and was in the middle of nowhere with no power or water.
Posted on 5/21/19 at 12:56 pm to GREENHEAD22
Two years ago in pearl river county. Bought a 130 acre tract that has 70 acres planted pine and 60 of natural hard wood bottoms. Offered about 15% below asking price and they took it. Wasn’t for sale long and definitely cheaper than everything else I found around here.
Posted on 5/21/19 at 1:45 pm to GoHoGsGo06
quote:
Sounds like a dick move to me.
Some guy bought my buddy's farm in Mt Hermon and knocked down 50 acres of massive 40 year old pine trees that his dad planted. Profited from the timber then sold the farm a year later. Buddy and his dad were pissed. Nothing illegal, but I definitely thought of it as a dick move.
Posted on 5/21/19 at 2:02 pm to GRIZZ
Why? They sold for what they thought was good money and probably was. They also could have done same but weren't smart enough to think that far forward????
Gordon Geko always bought and sold the pieces for a PROFIT.
Gordon Geko always bought and sold the pieces for a PROFIT.
Posted on 5/21/19 at 9:40 pm to KemoSabe65
It really had nothing to do with him not being smart enough. He’s an oil guy that didn’t need didn’t need the money. He just wanted to leave the stand of beautiful pines rather than clear them out. Not that it really matters, but I guess he was hoping the buyer would see the same beauty and do the same.
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